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Essar Oil seeks extension on settling value-added tax arrears in UK

This seemed to be intended to calm speculation that it may be on the brink of collapse, following media reports to this effect

Topics
Essar Oil | Uttar Pradesh | Value Added Tax

Ashis Ray  |  London 



Essar Oil UK, owned by Shashi and Ravi Ruia, said it was in talks with the British government on deferring VAT payments.
Essar Oil UK, owned by Shashi and Ravi Ruia, said it was in talks with the British government on deferring VAT payments.

UK (EOUK) on Saturday night rushed out a statement to inform the market it was in negotiations with the British government to extend a settlement of its (value-added tax) arrears and expected an early resolution.

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First Published: Mon, September 27 2021. 02:36 IST

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